Romania: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Romania

After three years of growth, the Romanian food manufacture machinery market decreased by -59.7% to $X in 2021. In general, consumption recorded a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2020, and then fell sharply in the following year.

Food Manufacture Machinery Production in Romania

In value terms, food manufacture machinery production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a prominent expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Food Manufacture Machinery Exports

Exports from Romania

In 2021, the amount of machinery for the preparation or manufacture of food or drink exported from Romania skyrocketed to X units, picking up by 108% compared with the previous year's figure. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 244%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, food manufacture machinery exports soared to $X in 2021. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for food manufacture machinery exports from Romania, with a 30% share of total exports. Moreover, food manufacture machinery exports to Italy exceeded the volume sent to the second major destination, Turkey (X units), twofold. The third position in this ranking was held by Moldova (X units), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+25.6% per year) and Moldova (+34.2% per year).

In value terms, Italy ($X), Moldova ($X) and Turkey ($X) appeared to be the largest markets for food manufacture machinery exported from Romania worldwide, with a combined 45% share of total exports. Poland, Guatemala, Iraq, Tanzania, Russia, Germany, the United States, Denmark, China and North Macedonia lagged somewhat behind, together comprising a further 35%.

Iraq, with a CAGR of +50.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, growing by 68% against the previous year. In general, the export price posted a notable expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 139% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Romania

In 2021, approx. X units of machinery for the preparation or manufacture of food or drink were imported into Romania; shrinking by -10.6% against the previous year. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 70% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, food manufacture machinery imports contracted dramatically to $X in 2021. Overall, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 103%. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest food manufacture machinery supplier to Romania, with a 47% share of total imports. Moreover, food manufacture machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Germany (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.8% per year) and Germany (-2.5% per year).

In value terms, the largest food manufacture machinery suppliers to Romania were Italy ($X), China ($X) and Germany ($X), together comprising 62% of total imports. These countries were followed by France, Turkey, Poland, Hungary, the Netherlands, Denmark and Bulgaria, which together accounted for a further 26%.

The Netherlands, with a CAGR of +103.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, waning by -25.5% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 28% against the previous year. The import price peaked at $X per unit in 2020, and then dropped markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :